Third Party Risk Analyst

Citizens; Johnston (RI); Hybrid; USD 85,000 - 125,000; Full time

Job summary

Citizens is seeking a Third Party Risk Analyst to manage vendor issues and conduct Third Party Assessments. You will collaborate with business leaders and vendors, offering robust insights into risk and the effectiveness of test controls to meet Citizens policies.

You’ll identify issues and help craft action plans to mitigate risk and drive bank-wide best practices. You will lead risk assessments, manage evidence, and communicate security risk to diverse audiences, supporting regulatory

Qualifications

• Experience in financial services, risk, audit, compliance, cyber or third-party risk.
• Ability to navigate program requirements independently.
• Proficient use of Microsoft Word and Microsoft Excel.
• Experience gathering and analyzing evidence via artifacts, interviews, and records.

Responsibilities

• Evaluate third party vendors' control infrastructure and evidence.
• Lead risk assessments and develop risk metrics and visualizations.
• Collaborate with business leaders to define risk levels and action plans.
• Support regulatory exam preparation and remediation activities.
• Produce vendor assessment reports communicating risks to varied audiences.
• Translate security risk into business-friendly communication.

Skills

Stong verbal and written communication

Risk analysis

Governance, Risk and Compliance

Vendor management

Auditing

Regulatory frameworks

Microsoft Word

Microsoft Excel

Evidence gathering

Communication with leadership

Education

Bachelor’s Degree (preferred)

Industry certifications (CISA, CRCM, CRISC...)

Job description

Description

As the Third Party Risk Analyst, you will manage vendor issues and execute Third Party Assessments. This will include managing relationships with both business leaders and vendors, while providing robust and challenging insight on business risk and on the adequacy and effectiveness of the test control processes in place. The role holder delivers assessment review and provides opinion on the quality of the vendor control environment as is needed to meet Citizens policies including identifying issues and subsequently assisting the business to agree to any appropriate action plans to mitigate the risk. The Third-Party Assessment function adds value by providing specific business function assurance on vendors, in relation to customer, financial or reputational risk and bringing momentum to action plans to address risk and leveraging findings and best practice on a bank wide scale.

Primary responsibilities include

• Evaluating third party vendors' control infrastructure effectiveness and obtaining evidence of controls.
• Applying experience in audit, security and regulatory frameworks including ISO 27001, GLBA, SOX, PCI, HIPPA, States Privacy Regulation and FFIEC.
• Assisting in Governance Risk and Compliance (GRC) program’s design, process reengineering or enhancements and tool and technology implementations as applicable.
• Leading current risk assessments, continual risk assessments, and risk metrics and visualizations.
• Working directly with key business leaders to facilitate risk analysis and risk management processes, identifying acceptable levels of risk and establish roles and responsibilities with regards to risk management.
• Maintaining and monitoring enterprise risk exception process to identify areas of noncompliance.
• Supporting and participating in regulatory exam preparation and execution as well as remediation where applicable.
• Producing Third Party Vendor Assessment reports that clearly articulate risks in order to speak to a varied audience.
• Translating security risk and communicating effectively to business partners within the organization.

Qualifications, Education, Certifications and/or Other Professional Credentials

Required Qualifications

• The ability to travel within the United States is required.
• Ability to navigate program requirements independently.
• Demonstrates advanced critical thinking.
• Identifies opportunities and recommended solutions.
• Ability to appropriately manage multiple assessments and related activities.
• Demonstrates strong verbal and written communications amongst various internal and external stakeholders.
• Strong analytical skills to identify and classify inherent and residual risks.
• Effectively leads calls with various stakeholders to achieve desired results.
• Experience in financial services organization, particularly in Risk, Audit, Compliance, Cyber or Third-Party Risk
• Proficient use of Microsoft Word and Microsoft Excel
• Experience gathering and analyzing evidence through various methods (e.g., email, virtual sessions, or onsite) and sources (e.g., artifacts, interviews, meetings, demonstrations, independent audits, review of processes/policies, etc.)

Preferred Qualifications

• Bachelor’s Degree (preferred)
• Holds relevant industry certification(s) (i.e. CISA, CRCM, CRISC, CTPRP, TPCRA, etc.) (preferred)

Hours & Work Schedule

• Hours per Week: 40
• Work Schedule: 8-5 (4 days in office, 1 day remote)

Work Authorization:

This role is not eligible for new employer sponsored or current H-1 B visa holders. Applicants, including current OPT, L and other visa holders, must be authorized to work in the U.S. without the need for new employer sponsorship for themselves or their spouses now and in the future.

Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.

Why Work for Us

At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth

Background Check

Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.